Landstar System, Inc. (LSTR)
Fair ValueFundamental
65
Price
$169.01
Market Cap
$5.72B
Part 1 · What the company is worth
Overview
Landstar System, Inc. provides transportation management solutions in the United States, Canada, Mexico, and internationally. It operates in two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, hazardous materials, cold chain/temperature-controlled, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage services, as well as transportation services to other transportation companies, such as third party logistics and less-than-truckload service providers. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, military equipment and general commodities industries. The Insurance segment provides risk and claims management services; and reinsures risks of its independent contractors. The company markets its services through a network of agents, third party capacity providers, and employees. Landstar System, Inc. was founded in 1988 and is headquartered in Jacksonville, Florida.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users
The largest North American truckload freight broker, competing for the same shippers' dry van, flatbed and refrigerated loads that Landstar's agents place with third-party carriers.
Competes both through its Integrated Capacity Solutions brokerage and its own truckload and intermodal capacity, offering shippers the guaranteed capacity Landstar must source from owner-operators and third-party carriers.
Sells brokered truckload and intermodal door-to-door service to the same North American shippers, competing directly with Landstar's truck brokerage and rail intermodal offerings.
An asset-light truck brokerage of comparable size to Landstar's brokerage business, which after absorbing Coyote Logistics bids for the same spot-market truckload freight from the same U.S. shippers.
A privately held broker, the second or third largest in the United States, that sells truckload capacity to the same mid-market shippers through a commission-driven sales force much like Landstar's agent network.
A large U.S. truckload carrier that pairs its own fleet with a growing brokerage and owner-operator capacity, courting the same dry van and specialized freight contracts Landstar bids on.
Balance Sheet & Liquidity
Revenue
$4.76B
Trailing 12 months (through 3/28/2026)
Net Income
$125M
Trailing 12 months (through 3/28/2026)
Free Cash Flow
$215M
Total Equity
$796M
Total Liabilities
$840M
Current Ratio
1.88
Interest Coverage
30.78
Debt/EBITDA
0.35
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$158.22
Current Price
$169.01
Margin of Safety
-6.8%
Fair Value Range
$102.84 - $213.60
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
46.59
ROE
14.5%
P/B Ratio
7.16
P/FCF
24.49
Gross Margin
-
ROIC
13.5%
Profitability Radar
Value Creation (Economic Moat)
ROIC
13.5%
WACC
9.2%
ROIC − WACC
+4.2 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (16)
- EPS shows upward trend
- Price CAGR 6.95%
- ROIC 13.4%
- P/FCF 24.49
- Debt/Equity ratio
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 15.9%
- Earnings Quality (OCF/NI) 1.98
- Share Dilution -2.3%
- Piotroski F-Score 5/9
Failed (9)
- EPS CAGR 2.71%
- P/B Ratio 7.16
- Operating Margin 3.5%
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y 2.8%
- Analyst Consensus 38% Buy
- Earnings Surprise avg -11.9%
- Net Margin Trend 2.6% vs 3.7%
Unavailable (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Frank A. Lonegro | President, CEO & Director | 56 |
| Mr. James P. Todd | VP, Principal Accounting Officer & CFO | 37 |
| Mr. Matthew Miller | VP and Chief Safety & Operations Officer | - |
| Mr. Ricardo S. Coro | VP & Chief Information Officer | 60 |
| Ms. Vallie S. Dugas | VP, General Counsel & Secretary | - |
| Ms. Terri M. Lewis | VP & Chief Human Resources Officer | 54 |
| Mr. James M. Applegate | Chief Strategy & Transformation Officer | 53 |
| Mr. Matthew M. Dannegger | VP & Chief Field Sales Officer | 55 |
| Ms. Cory Seay | Vice President of Corporate Services & Chief of Staff | - |
| Mr. William Clement | Vice President & Chief Commercial Officer | - |
Audit Risk
4
Board Risk
2
Compensation Risk
3
Shareholder Rights Risk
4
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-24
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-29
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-07-28
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for LSTR, sourced from Markets Gazette.